EU leaders confirm Christine Lagarde’s appointment as head of ECB

BRUSSELS (Reuters) – European Union leaders confirmed on Friday the appointment of Christine Lagarde as the new chief of the European Central Bank, replacing Mario Draghi from November 1.

Lagarde’s confirmation for a non-renewable term of eight years comes after EU leaders nominated her for the position on July 2.

(Reporting by Marine Strauss @StraussMarine)